JSW Cement has commissioned a 1 MTPA cement grinding unit in Sambalpur, Odisha, through its subsidiary Shiva Cement. This expansion increases JSW Cement's total installed capacity to 21.6 MTPA, aiming to meet growing demand in the eastern region. The company plans to triple its capacity to 60 MTPA to become a top five player in India.

The new facility was funded and supervised by its majority-owned subsidiary Shiva Cement through a commercial arrangement with Bhushan Power and Steel

JSW Cement, whose initial public offering (IPO) will open for subscription on Thursday, raised Rs 1,080 crore from 52 anchor investors on Wednesday. The company allotted over 7.3 crore shares at the upper price band of Rs 147 per equity share.Out of the total allocation, 44.45% shares have been allocated to 9 domestic mutual funds, which have applied through a total of 20 schemes. MFs paid Rs 480 crore to buy these shares.Over 22% of the anchor quota was allocated to 6 funds of SBI Mutual Fund with SBI Multicap Fund accounting for lion's share at 10.19%. It is followed by SBI Flexicap Fund at 9.26%. Others include Tata Large Cap Fund, Motilal Oswal Large Cap Fund, Baroda BNP Paribas Small Cap, Bandhan Small Cap Fund.Among the foreign funds are Blackrock Emerging Frontiers Master Fund Limited, Nomura Funds Ireland, Government of Singapore and Morgan Stanley Investment Fund. JSW Cement IPO GMP today:The IPO of JSW Cement Limited is commanding a grey market premium (GMP) of Rs 5, down from Rs 19 on Monday, indicating a 3.40% uptick.JSW Cement has announced the price band of Rs 139 to Rs 147 per equity share, with a face value of Rs 10.